Monthly Archives: January 2016

Sylog Sverige AB, a subsidiary of Data Respons, has entered into an agreement to acquire 100 % of the shares in South Pole Consulting AB.

South Pole Consulting has 10 employees located in Stockholm and are experts in embedded Linux. The acquisition strengthens Sylog’s position as a leading player within embedded services in Stockholm.
South Pole Consulting expects a turnover of SEK 12 million for 2016 with an operating margin of approximately 10 %. The company will be consolidated into Data Respons’ financial statements from 2016.

An agreement has been reached for a cash consideration of SEK 2.8 million with additional payments depending on the company’s development over the next two years.

Investinor invests MEUR 1.9 in Norwegian medtech startup Spinchip Diagnostics AS.
Oslo based Spinchip Diagnostics is developing a new state of the art platform for in vitro diagnosis analyses in a point of care setting.

The solution will enable faster, easier and more reliable diagnosis and follow up of e.g. cardiovascular, inflammatory, infectious, diabetic and endocrine diseases.

A fraction of a blood droplet is drawn directly from a finger prick into the small disposable cartridge. The cartridge is then inserted into the small apparatus. Results of a variety of advanced analyses will be obtained automatically within a couple of minutes.

SpinChip’s point of care device will be the first to satisfy all key user requirements, both with respect to assaying performance and user-friendliness. The platform combines swift analysis and superior ease of use with laboratory quality of wide range of advanced analyses.

SpinChip Diagnostics was established in February 2012 as a spin-off from the research organization SINTEF. SpinChip Diagnostics is currently developing the technology and expects to launch the platform in late 2018.

In addition to Investinor, founders, SINTEF Venture III and Tronrud Engineering are large owners in the company.

Founder and CTO Stig Morten Borch has more than 30 years of experience from the medtech industry, where ha e.g. led the develpoment of Nycomed/Axis-Shield’s platform analyses Nycocard and Afinion.

SpinChip Diagnostics has raised a total of MEUR 3.9 in a private placement towards Investinor, existing owners and experienced business angels with proven rack reckord in the medtech industry, e.g. Lars-Olof Hansson, professor at Karolinska University Hospital and owner of Institute for Diagnostics Development AB and S2G Scandinavia AB.

Following the investment round Åse Aulie Michelet will take the posistion as chairman of the Board in SpinChip Diagnostics AS.

She was previously CEO of Teres Medical Group AS and Marine Harvest ASA, and held leading positions in Amersham and GE Healthcare. Åse Aulie Michelet has also held board positions in Orkla ASA, Cermaq ASA and Yara International ASA, and she was Chairman of the Board in Photocure ASA.

Nordic Capital Fund VIII (‘Nordic Capital’) has acquired Cint, a leading global player in the insights data collection technology market. Nordic Capital will support Cint’s successful position as a leading global platform, aiding continued accelerated growth in an industry where consumers are becoming increasingly mobile and digital, and brand marketing spend is shifting to online.

Nordic Capital acquires Cint from a large shareholder group that includes Prime Ventures, Creandum, Cipio Partners, the founder, and a group of individual investors and employees.

Fredrik Näslund, Partner at NC Advisory AB, advisor to the Nordic Capital Funds said: “Nordic Capital is impressed by the quality and efficiency of Cint’s technology, its strong value proposition to its customers and the quick adoption of the technology. The company is ideally placed to add value to both suppliers and buyers of research panels as a fully automated, truly global platform. Nordic Capital looks forward to supporting the management team in further accelerating Cint’s growth as well as investing in further development of the company and its products.”

Cint’s CEO Morten Strand added: “We are very pleased that Nordic Capital has chosen to invest in Cint. Nordic Capital’s extensive experience of successfully developing and growing technology businesses, in cooperation with management and employees, suits us very well and gives us the opportunity to continue our positive development. In the age of accelerating digital transformation in consumer insights and behaviour, we will together continue to be a leader in technology innovation for the market research industry.”

Cint’s main product is OpinionHUB, a B2B exchange for seeking and collecting insights. The platform connects the buy-side – typically a market research firm that needs to access panellists for consumer research – with the sell-side, the companies owning consumer panels. This allows the customer easy access to a specific number of pre-defined, deeply profiled panellists in a specific country, region or local area in the world, through the platform’s self-service and real time matching algorithms.

Since launching its OpinionHUB panel marketplace platform in 2005, Cint has rapidly evolved in a technology centric environment and has established a profitable business model, which benefits the whole value chain when working with consumer surveys, as it reduces time and costs for all parties. Cint has a track record of launching industry ‘firsts’ that have raised standards in innovation, transparency and quality within the market research world.

Cint is headquartered in Stockholm, Sweden and has 13 offices in major cities across Europe, North America and Asia-Pacific. The company has over 140 employees. Cint has enjoyed exponential growth and development over the last 10 years, and targets above 30% growth annually on average. With Nordic Capital as the new owner, Cint will continue on its rapid growth path, securing a leading position in the sector.

The parties have agreed not to disclose the financial terms of the transaction.

About Cint

Cint provides access to opinions by innovating market research technology. The company reaches over 19 million people in over 65 countries, all sourced via 800 different panels owned by publishers, local media outlets, market research agencies and non-profits. Cint’s exchange platform, OpinionHUB, a fully transparent insight marketplace, brings together questions and answers from all around the world. Cint is headquartered in Stockholm, Sweden and has offices in major cities across Europe, North America and Asia-Pacific. For more information, please see www.cint.com

About Nordic Capital

Nordic Capital private equity funds have invested in mid-market companies primarily in the Nordic region since 1989. Through committed ownership and by targeting strategic development and operational improvements, Nordic Capital enables value creation in its investments. Nordic Capital Funds invest in companies in northern Europe and in selected investment opportunities internationally. The most recent fund is Nordic Capital Fund VIII with EUR 3.5 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Funds are based in Jersey, Channel Islands, and are advised by the NC Advisory companies in Sweden, Denmark, Finland, Norway, Germany and the UK. For further information about Nordic Capital please see www.nordiccapital.com

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